Disney Shares Rise as Focus Turns to Streaming Commitment

Disney Shares Rise as Focus Turns to Streaming Commitment

Disney Shares Rise as Focus Turns to Streaming Commitment

This week's seen a flurry of Disney-related news, with a new trilogy of Star Wars films from Rian Johnson being announced just after it broke that new live-action Star Wars and Marvel shows are in the works. Other programs planned for the new Disney platform include an adaptation of the Monster, Inc. films, as well as a show based on the popular High School Musical series.

Disney's new on demand streaming service will be "substantially" cheaper than Netflix and will launch new Star Wars and Marvel series, according to chief executive Bob Iger. Some are saying that The Punisher will be the last series in the collaboration between Marvel TV and Netflix.

The Walt Disney Company is lining up a suite of original shows from its portfolio of brands, including a live-action Star Wars drama, for its upcoming SVOD service.

On the film studio side, revenue dropped 21% to US$1.4 billion while segment operating income fell US$163 million to US$218 million. If you had to pick one legacy series or film that needs to be part of this service in order for you to subscribe, what would it be?

ESPN, the focus of many an earnings call past, largely escaped scrutiny Thursday, thanks to Iger's announcement that the new direct-to-consumer, ad-supported streaming platform will be called ESPN Plus and will be set to debut in the spring of 2018. Disney hasn't commented on those reports, but Disney's CEO has said it is not ruling out licensing third-party content, so long as "the product fits within the Disney brand".

UFC's Conor McGregor shoves ref during wild melee in Bellator MMA cage
At UFC Fight Night 118 in Gdansk, Poland, McGregor tried to give instructions to Artem Lobov but was not an official cornerman. UFC President Dana White is insistent that Conor McGregor's next opponent is the interim lightweight champion, Tony Ferguson.

Hurricanes bite into Kohl's Q3 profit, but same-store sales rise
Nordstrom reported quarterly earnings and revenue that beat analysts' expectations on Thursday, but same-store sales disappointed. CEO's Take: "We have made good progress in remedying the immediate and burning issues at M&S I outlined a year ago ".

Carter Page reveals new contacts with Trump campaign, Russians
Trump and a desire to work together toward devising better solutions in response to the vast range of current worldwide problems". In March, Gordon told Politico he advised Page not to head to Moscow, where Page's scheduled activities included giving a speech.

"There's been a lot written about whether this is aimed at being a Netflix killer", said Iger.

The Marvel/Netflix partnership has given us some of the best stories in the MCU, but it looks that's all about to end as Disney begins its quest for streaming dominance.

As soon as we know more, we'll let you know, sports fans.

The service will launch in the US. Netflix ended the September quarter with 109.25 million streaming subscribers worldwide, including 52.77 million in the USA and 56.48 million in global markets. The basic plan of Netflix is $7.99, but if you want HD it costs $10.99.

Disney's movie studio was hurt by the underperformance of "Cars 3" and a write-off of almost $98 million on the animated movie "Gigantic", which was previously scheduled for 2020 but was cancelled.

Related news